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InstallShield generates an .msi file which can be used on the destination computer in order to install the payloads from the source computer where it was created. It is possible to specify questions, set prerequisites and registry settings that the user will be able to choose at the installation time.

From 1992, InstallShield was developed by Stirling Technologies, founded by Viresh Bhatia and Rick Harold. Stirling Technologies later renamed itself InstallShield Corporation and continued to operate under the new name until Macrovision acquired the business in 2004.

On April 1, 2008, the Macrovision Software Business Unit (including the InstallShield brand) was sold to private equity firm Thoma Cressey Bravo, forming a new company: Acresso Software Corporation.[1] In October 2009, Acresso changed its name to Flexera Software.[2]